Tinubu appoints ex-KPMG chair Elebute as head FRCN

President Bola Tinubu, has appointed Kunle Elebute, as chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).

Bayo Onanuga, presidential spokesman, said in a statement, that the appointment reinforces the Federal Government’s commitment to strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.

Elebute, is a distinguished Chartered Accountant and financial management consultant with over four decades of professional experience spanning Nigeria, West Africa, and global markets.

Before his current appointment, Elebute had previously served as Senior Partner and Chief Executive Officer of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa.

During his illustrious career, he also served on KPMG’s regional and global boards, including its Global Board Audit Committee.

Elebute who is widely respected for his expertise in audit, financial advisory, risk consulting, corporate governance, is also known for his roles in strategic transformation, Onanuga said

” Elebute who has also advised leading institutions across the financial services, infrastructure, healthcare, consumer goods, energy, and public sectors.

“He has also contributed significantly to national policy and regulatory development through his service on several public sector committees, including initiatives related to banking consolidation and corporate governance reforms.”

He is expected to bring his expertise to bear in the Financial Reporting Council of Nigeria, and institution that plays a critical role in setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards in Nigeria.

Onanuga noted that the “Council’s work remains central to promoting market integrity, protecting investors, and sustaining confidence in Nigeria’s economy.”

He described Elebute’s appointment as coming at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices.

“Federal Government is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy.” the statement said